Identify a person you know who has an immune system disorder or cancer. Review content in your text for potential types of disorders.
Interview the affected person and write a 3-5 page paper identifying your findings including:
Questions you may want to use to guide your interview:
In: Nursing
Sako Company’s Audio Division produces a speaker that is used by manufacturers of various audio products. Sales and cost data on the speaker follow:
| Selling price per unit on the intermediate market | $ | 46 |
| Variable costs per unit | $ | 16 |
| Fixed costs per unit (based on capacity) | $ | 9 |
| Capacity in units | 65,000 | |
Sako Company has a Hi-Fi Division that could use this speaker in
one of its products. The Hi-Fi Division will need 10,000 speakers
per year. It has received a quote of $30 per speaker from another
manufacturer. Sako Company evaluates division managers on the basis
of divisional profits.
Required:
1. Assume the Audio Division is now selling only 55,000 speakers per year to outside customers.
a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?
b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?
c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 10,000 speakers from the Audio Division to the Hi-Fi Division?
2. Assume the Audio Division is selling all of the speakers it can produce to outside customers.
a. From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?
b. From the standpoint of the Hi-Fi Division, what is the highest acceptable transfer price for speakers acquired from the Audio Division?
c. What is the range of acceptable transfer prices (if any) between the two divisions? If left free to negotiate without interference, would you expect the division managers to voluntarily agree to the transfer of 10,000 speakers from the Audio Division to the Hi-Fi Division?
In: Accounting
In: Accounting
At the end of 2019, Splish Brothers Inc. has accounts receivable of
$778,100 and an allowance for doubtful accounts of $63,200. On
January 24, 2020, the company learns that its receivable from Megan
Gray is not collectible, and management authorizes a write-off of
$7,400.
1) Prepare the journal entry to record the write-off.
2) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off?
In: Accounting
In: Operations Management
A company incurred the following costs in year 1 to fulfill a contract that is expected to take two years to complete:
Other information:
The equipment was acquired for the contract, but will have other use to the company when the contract is complete. It is expected to have a ten-year useful life with no residual value. The revenue from the contract will be recorded at the end of two years, when control transfers (i.e., point in time).
How will the above costs be accounted for in year 1? Does the answer change if period of time criteria is met?
In: Accounting
Assume that Carbondale Company expects to receive S$500,000 in one year. The existing spot rate of the Singapore dollar is US$0.70. The one-year forward rate of the Singapore dollar is US$0.72. Carbondale created a probability distribution for the future spot rate in one year as follows:
| Future Spot Rate | Probability |
| US$0.68 | 20% |
|
0.73 |
50% |
| 0.77 | 30% |
Assume that i) one-year put options on Singapore dollars are available, with an exercise price of US$0.73 and a premium of US$0.04 per unit and ii) one-year call options on Singapore dollars are available, with an exercise price of US$0.70 and a premium of US$0.03 per unit. Assume the following money market rates:
| U.S. | Singapore | |
| Deposit Rate | 2% | 8% |
| Borrowing Rate | 3% | 9% |
Given this information, evaluate the use of forward hedge, money market hedge, a currency options hedge. Which hedge is most appropriate and why? Consider the possibility of not hedging, what do you recommend?
In: Accounting
On January 1, 2020, the general ledger of a Company includes the following account balances:
| Accounts | Debit | Credit | ||||
| Cash | $ | 84,000 | ||||
| Accounts Receivable | 53,000 | |||||
| Allowance for Uncollectible Accounts | $ | 5,000 | ||||
| Inventory | 44,000 | |||||
| Building | 84,000 | |||||
| Accumulated Depreciation | 24,000 | |||||
| Land | 214,000 | |||||
| Accounts Payable | 34,000 | |||||
| Notes Payable (8%, due in 3 years) | 48,000 | |||||
| Common Stock | 114,000 | |||||
| Retained Earnings | 254,000 | |||||
| Totals | $ | 479,000 | $ | 479,000 | ||
The $44,000 beginning balance of inventory consists of 400 units,
each costing $110.
During January 2020, the following transactions occurred:
| January | 2 | Received a $34,000 6-month, 6% note on a loan the company made to another company | ||
| January | 5 | Purchased 5,000 units of inventory on account for $500,000 ($100 each) with terms 1/10, n/30. | ||
| January | 8 | Returned 130 defective units of inventory purchased on January 5. | ||
| January | 15 | Sold 4,800 units of inventory on account for $576,000 ($120 each) with terms 2/10, n/30. Record 2 entries for this transaction. | ||
| January | 17 | Customers returned 100 units sold on January 15. These units were originally purchased by the company on January 5. The units were placed in inventory to be sold in the future. Record 2 entries for this transaction. | ||
| January | 20 | Received cash from customers on accounts receivable. This amount includes $50,000 from 2019 plus amount receivable on sale of 4,200 units sold on January 15. | ||
| January | 21 | Wrote off remaining accounts receivable from 2019. | ||
| January | 24 | Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed from purchase of 4,600 units on January 5. | ||
| January | 28 | Paid cash for salaries during January, $42,000. | ||
| January | 29 | Paid cash for utilities during January, $24,000. | ||
| January | 30 | Paid dividends, $3,000. |
The following information is available on January 31, 2020 for
adjusting entries at the end of the month.
Please record ALL journal entries (January 2 - January 31)
In: Accounting
In: Nursing
In: Nursing